November 19 Hot Topics

November 19 WEB3 Hot Topics

1. Trump Team Supports Kevin Warsh as U.S. Treasury Secretary

Market news reports that informed sources reveal the Trump team supports former Federal Reserve Governor Kevin Warsh to serve as U.S. Treasury Secretary, discussions are still ongoing.

2. Polymarket Faces Regulatory Challenges

Polymarket CEO Shayne Coplan's New York residence was raided, marking an uncertain future for the prediction market. Since its establishment in 2020, Polymarket has been under the scrutiny of regulatory agencies.

3. Bitcoin Price Fluctuations May Trigger Liquidation of Long and Short Positions on Major CEXs

On November 19, Coinglass data shows that if Bitcoin falls below $90,000, the cumulative long liquidation intensity on major CEXs will reach $540 million. Conversely, if Bitcoin breaks above $93,000, the cumulative short liquidation intensity on major CEXs will reach $1.605 billion.

4. Shaquille O'Neal Agrees to Pay $11 Million Settlement

Former NBA star Shaquille O’Neal has agreed to pay $11 million in settlement to resolve a class-action lawsuit from Astrals NFT investors. The case involves his promotion of the Astrals NFT project.

5. CZ: Countries Will Compete to Establish Bitcoin Strategic Reserves

CZ posted on X expressing admiration for MicroStrategy founder, saying: "Great speech, worth a listen. Also thanks for his support of Binance in the video. Countries will compete to print money to buy Bitcoin, i.e., Bitcoin strategic reserves.

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